Mahindra Logistics Leases Rs 1.35 Billion Warehouse Near Kolkata

23 Oct 2025 CW Team

The warehouse, owned by ANJY Properties LLP, was taken on a fresh lease effective from 1 April 2025. The agreement specifies a monthly rent of Rs 20.6 per sq ft, amounting to approximately Rs 9.77 million per month.

Under the lease terms, Mahindra Logistics has provided a security deposit of Rs 29.3 million, and the rent will increase by 4 per cent annually throughout the tenure.

The warehouse will serve as a key logistics hub for eastern India, enhancing the company’s distribution and warehousing capacity in the region, industry experts noted.

This marks Mahindra Logistics’ second major leasing deal in 2025. In June, the company leased 297,000 sq ft of industrial space near Pune for a five-year term at a monthly rent of Rs 7.14 million, translating to Rs 24 per sq ft.

The surge in leasing activity reflects the broader momentum in India’s warehousing market, which reached 16.7 million sq ft across the top eight cities in Q1 2025, a 50 per cent year-on-year rise, according to Knight Frank India.

Among the top markets, Mumbai led with 4.4 million sq ft (27 per cent of total leasing), followed by Pune and Chennai (2.9 million sq ft each) and Delhi NCR (2.7 million sq ft). Bengaluru, Hyderabad, Ahmedabad, and Kolkata accounted for the remaining transactions.

In a related development, DHL Logistics Pvt Ltd renewed its lease for 317,000 sq ft of warehousing space in Panvel, near Mumbai, for five years at a monthly rent of Rs 18 million, while Sumadhura Group leased 180,000 sq ft to NX Logistics India (Nippon Express) in Bengaluru’s Hoskote as part of a Rs 6 billion logistics park project.

The continued uptick in large-scale leases indicates robust occupier demand and expanding infrastructure investment across India’s logistics and warehousing sector.

Mahindra Logistics Limited (MLL) has leased a 475,000 sq ft warehouse in Shubharara village, Howrah district, West Bengal, for a 9.9-year period at a total rental value of over Rs 1.35 billion, according to documents accessed by Propstack. The warehouse, owned by ANJY Properties LLP, was taken on a fresh lease effective from 1 April 2025. The agreement specifies a monthly rent of Rs 20.6 per sq ft, amounting to approximately Rs 9.77 million per month. Under the lease terms, Mahindra Logistics has provided a security deposit of Rs 29.3 million, and the rent will increase by 4 per cent annually throughout the tenure. The warehouse will serve as a key logistics hub for eastern India, enhancing the company’s distribution and warehousing capacity in the region, industry experts noted. This marks Mahindra Logistics’ second major leasing deal in 2025. In June, the company leased 297,000 sq ft of industrial space near Pune for a five-year term at a monthly rent of Rs 7.14 million, translating to Rs 24 per sq ft. The surge in leasing activity reflects the broader momentum in India’s warehousing market, which reached 16.7 million sq ft across the top eight cities in Q1 2025, a 50 per cent year-on-year rise, according to Knight Frank India. Among the top markets, Mumbai led with 4.4 million sq ft (27 per cent of total leasing), followed by Pune and Chennai (2.9 million sq ft each) and Delhi NCR (2.7 million sq ft). Bengaluru, Hyderabad, Ahmedabad, and Kolkata accounted for the remaining transactions. In a related development, DHL Logistics Pvt Ltd renewed its lease for 317,000 sq ft of warehousing space in Panvel, near Mumbai, for five years at a monthly rent of Rs 18 million, while Sumadhura Group leased 180,000 sq ft to NX Logistics India (Nippon Express) in Bengaluru’s Hoskote as part of a Rs 6 billion logistics park project. The continued uptick in large-scale leases indicates robust occupier demand and expanding infrastructure investment across India’s logistics and warehousing sector.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..